Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

? asked in Business & FinancePersonal Finance · 7 years ago

I need to know which religions are against the usury of the banks ?

usury is the profiting from lending money.thank you.

2 Answers

Relevance
  • ?
    Lv 7
    7 years ago
    Favorite Answer

    Under sharia (Islam), the bank "buys" the asset in name only and then "rents" it to you. The rent includes the interest rate.

  • 7 years ago

    Charging or paying interest is forbidden in Islam.

Still have questions? Get your answers by asking now.